Excelerate Energy (NYSE:EE) Trading 3.5% Higher – Time to Buy?

Excelerate Energy, Inc. (NYSE:EE) traded up 3.5% on Monday . The stock traded as high as $28.81 and last traded at $28.96. 134,361 shares changed hands during mid-day trading, a decline of 40% from the average session volume of 223,215 shares. The stock had previously closed at $27.99.

Wall Street Analysts Forecast Growth

EE has been the subject of a number of recent analyst reports. Wells Fargo & Company restated an “underweight” rating on shares of Excelerate Energy in a report on Friday, March 28th. Morgan Stanley reissued an “underweight” rating and set a $29.00 target price (up from $25.00) on shares of Excelerate Energy in a research note on Friday, January 31st. Northland Securities lifted their price objective on shares of Excelerate Energy from $29.00 to $37.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. Barclays boosted their price objective on shares of Excelerate Energy from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Finally, Stephens reaffirmed an “overweight” rating and set a $36.00 target price on shares of Excelerate Energy in a research report on Monday, March 3rd. Three research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Excelerate Energy has an average rating of “Hold” and a consensus price target of $31.17.

Excelerate Energy Trading Up 0.5 %

The stock has a market cap of $2.84 billion, a PE ratio of 27.05, a PEG ratio of 5.82 and a beta of 1.39. The company’s fifty day moving average is $29.52 and its 200-day moving average is $27.94. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.12 and a quick ratio of 4.12.

Excelerate Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 12th were given a dividend of $0.06 per share. The ex-dividend date was Wednesday, March 12th. This represents a $0.24 annualized dividend and a yield of 0.90%. Excelerate Energy’s dividend payout ratio is presently 19.20%.

Institutional Trading of Excelerate Energy

Several institutional investors have recently bought and sold shares of the business. TimesSquare Capital Management LLC acquired a new position in shares of Excelerate Energy during the 4th quarter worth about $13,854,000. D. E. Shaw & Co. Inc. increased its stake in Excelerate Energy by 16.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 435,293 shares of the company’s stock worth $13,168,000 after buying an additional 60,691 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Excelerate Energy by 14.1% during the fourth quarter. Renaissance Technologies LLC now owns 358,219 shares of the company’s stock valued at $10,836,000 after acquiring an additional 44,400 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of Excelerate Energy by 94.3% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 350,128 shares of the company’s stock valued at $10,591,000 after acquiring an additional 169,924 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Excelerate Energy by 12.0% in the fourth quarter. Millennium Management LLC now owns 327,534 shares of the company’s stock worth $9,908,000 after acquiring an additional 35,199 shares during the last quarter. 21.79% of the stock is owned by institutional investors and hedge funds.

About Excelerate Energy

Excelerate Energy, Inc provides flexible liquefied natural gas (LNG) solutions worldwide. The company offers regasification services, including floating storage and regasification units (FSRUs), infrastructure development, and LNG and natural gas supply, procurement, and distribution services; LNG terminal services; and natural gas supply to-power projects.